SIXJ vs. SPYG

Last updated Jun 3, 2026

SIXJ (AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - SIXJ is a Options Trading fund tracking the S&P 500, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 3 years, SIXJ returned 13.88%/yr vs 28.58%/yr for SPYG. Their correlation of 0.87 suggests significant overlap in exposure. SIXJ charges 0.74%/yr vs 0.04%/yr for SPYG.

Performance

SIXJ vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXJ achieves a 5.78% return, which is significantly lower than SPYG's 14.87% return.

SIXJ

• 1D: 0.06%
• 1M: 1.86%
• YTD: 5.78%
• 6M: 6.98%
• 1Y: 17.40%
• 3Y*: 13.88%
• 5Y*: —
• 10Y*: —

SPYG

• 1D: -0.15%
• 1M: 8.31%
• YTD: 14.87%
• 6M: 14.92%
• 1Y: 36.19%
• 3Y*: 28.58%
• 5Y*: 16.62%
• 10Y*: 18.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SIXJ vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SIXJ AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF	5.78%	12.81%	14.48%	18.07%	-10.71%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	14.87%	22.09%	35.99%	30.02%	-29.95%

Correlation

The correlation between SIXJ and SPYG is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 4, 2022	0.87

The correlation between SIXJ and SPYG has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

SIXJ vs. SPYG - Sectors Allocation Comparison

Sectors	SIXJ	SPYG
Technology	36.2%	51.9%
Financial Services	11.9%	8.5%
Communication Services	10.9%	16.8%
Consumer Cyclical	10.1%	8.9%
Healthcare	8.4%	5.8%
Industrials	8.1%	5.0%
Consumer Defensive	4.9%	1.0%
Energy	3.5%	0.1%
Utilities	2.3%	1.2%
Real Estate	1.9%	0.6%
Basic Materials	1.8%	0.3%

Return for Risk

SIXJ vs. SPYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIXJ

SIXJ Risk / Return Rank: 87
SIXJ Sharpe Ratio Rank: 88
SIXJ Sortino Ratio Rank: 91
SIXJ Omega Ratio Rank: 92
SIXJ Calmar Ratio Rank: 76
SIXJ Martin Ratio Rank: 90

SPYG

SPYG Risk / Return Rank: 63
SPYG Sharpe Ratio Rank: 68
SPYG Sortino Ratio Rank: 66
SPYG Omega Ratio Rank: 64
SPYG Calmar Ratio Rank: 54
SPYG Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIXJ vs. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SIXJ	SPYG	Difference
Sharpe ratio Return per unit of total volatility	2.99	2.27	+0.72
Sortino ratio Return per unit of downside risk	4.38	3.07	+1.30
Omega ratio Gain probability vs. loss probability	1.63	1.39	+0.24
Calmar ratio Return relative to maximum drawdown	3.92	2.71	+1.21
Martin ratio Return relative to average drawdown	21.37	11.22	+10.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIXJ vs. SPYG - Sharpe Ratio Comparison

The current SIXJ Sharpe Ratio is 2.99, which is higher than the SPYG Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of SIXJ and SPYG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SIXJ	SPYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	2.27	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.36	+0.51

Drawdowns

SIXJ vs. SPYG - Drawdown Comparison

The maximum SIXJ drawdown since its inception was -14.07%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for SIXJ and SPYG.

Drawdown Indicators

	SIXJ	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-14.07%	-67.63%	+53.56%
Max Drawdown (1Y) Largest decline over 1 year	-4.53%	-13.76%	+9.23%
Max Drawdown (3Y) Largest decline over 3 years	-10.89%	-22.14%	+11.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.67%	—
Current Drawdown Current decline from peak	0.00%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	-2.88%	-24.33%	+21.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	3.32%	-2.49%

Volatility

SIXJ vs. SPYG - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) is 0.79%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 4.15%. This indicates that SIXJ experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIXJ	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	4.15%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	4.60%	12.43%	-7.83%
Volatility (1Y) Calculated over the trailing 1-year period	5.85%	16.04%	-10.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.02%	21.17%	-11.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.02%	20.65%	-10.63%

SIXJ vs. SPYG - Expense Ratio Comparison

SIXJ has a 0.74% expense ratio, which is higher than SPYG's 0.04% expense ratio.

Dividends

SIXJ vs. SPYG - Dividend Comparison

SIXJ has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIXJ AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.46%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

Frequently Asked Questions

Can I hold both SIXJ and SPYG in my portfolio?

SIXJ and SPYG have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXJ or SPYG?

SPYG has higher volatility (4.15%) compared to SIXJ (0.79%). In terms of maximum drawdown, SIXJ dropped -14.07% vs SPYG's -67.63%.

Which ETF is better, SIXJ or SPYG?

On 3-year performance, SPYG leads with 28.58% vs 13.88% for SIXJ. On fees, SPYG is cheaper at 0.04% per year. On volatility, SIXJ has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXJ or SPYG?

Over the 3-year period, SPYG has performed better with a 28.58% return vs 13.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXJ or SPYG?

SPYG is cheaper with a 0.04% expense ratio, compared with 0.74% for SIXJ.

Which ETF pays a higher dividend yield, SIXJ or SPYG?

SPYG has the higher dividend yield at 0.46%, compared with 0.00% for SIXJ.

What is the main difference between SIXJ and SPYG?

SIXJ is categorized as Options Trading, while SPYG is S&P 500. SIXJ tracks S&P 500, while SPYG tracks S&P 500 Growth Index. They also come from different issuers: Allianz and State Street. Their fees differ too: 0.74% for SIXJ and 0.04% for SPYG.

Which has better risk-adjusted returns?

SIXJ currently has the higher Sharpe Ratio (2.99 vs 2.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.